discuss the competitive advantage that vanguard may have in the market announcements. Part Three will discuss Challenges. Part Four will cover the Competition and make User Recommendations. Challenges and Responses Still, MAPICS' strong cash position and no debt, the size of its widespread customer base (3,000 in 70 countries) and proven business model, the breadth and functional astuteness of its product offerings (available in 19 languages), and depressed stock prices of most software vendors lately, plus the company's frequent repurchases of its own stock have been good d
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